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LaSalle unit on the block; Home loan division, a major profit center, could fetch $2 billion.

Publication: Crain's Chicago Business
Publication Date: 13-NOV-06 		Format: Online
Delivery: Immediate Online Access
Full Article Title: LaSalle unit on the block; Home loan division, a major profit center, could fetch $2 billion.(News)(LaSalle Bank Corp.)(ABN AMRO Bank N.V.)(Lehman Brothers Holdings Inc.)

Article Excerpt
Byline: STEVE DANIELS

LaSalle Bank Corp. is seeking a buyer for its $224-billion mortgage business, a struggling operation that has lost marketshare as the bank proved slow to adjust to changes in the home lending landscape.

ABN Amro Bank N.V., the Dutch parent of Chicago-based holding company LaSalle, has hired Lehman Bros. Inc. to handle the sale, which could include the entire division or just the portion that makes home loans through mortgage brokers, according to people familiar with the matter. That division accounts...

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